Nov 27, 2019

Arena Football League shuts down after filing for bankruptcy

Photo: Frank Jansky/Icon Sportswire via Getty Images

The Arena Football League is shutting down after filing for Chapter 7 bankruptcy, the league announced Wednesday.

The big picture: The league had operated for 32 years, but had been "evaluating potential strategic operations before making the decision to suspend operations" this year. Sources told Axios in July that the league had sought capital funding and was planning on adding two franchises per year for three years with an emphasis on markets with legal sports betting.

What they're saying:

“We’re all disappointed that we couldn’t find a way forward and we wanted to thank our fans, our players, coaches, everyone who loved the Arena Football League. We all love the game and tried very hard to make it successful, but we simply weren’t able to raise the capital necessary to grow the League, resolve the substantial legacy liabilities and make it financially viable.” 
— AFL commissioner Randall Boe in a statement

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Podcast: Bernie's baseball battle

Major League Baseball recently announced plans to sever its relationships to 42 minor league teams, sparking bipartisan protest from Sen. Bernie Sanders and Rep. Kevin McCarthy. Dan digs in with Axios Sports Editor Kendall Baker.

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Keep ReadingArrowDec 12, 2019

Small cities fight back against MLB proposal to cut minor league teams

Reggie Lawson of the Peoria Javelinas. Photo: Buck Davidson/MLB Photos via Getty Images

Small cities around the country are fighting a Major League Baseball restructuring proposal that would cut the league's association with 42 minor league teams, AP reports.

Why it matters: The cities argue that the teams are a vital part of their communities — and some have invested significant municipal funds in stadium construction and upgrades to draw in fans.

Go deeperArrowNov 27, 2019

MLB's plan to overhaul its minor league system

Illustration: Sarah Grillo/Axios

As part of MLB's desire to overhaul the minor league system and streamline player development, it wants to sever its parent-club relationship with 42 minor league teams, entirely eliminating some and reorganizing others into a lower-quality "Dream League."

Why it matters: Major league clubs currently provide and pay for the farm club's players and staff, leaving the minor league organization to cover things like fields, equipment and travel.

Go deeperArrowDec 11, 2019 - Sports